Economy: Economic News, Policy & Analysis - The Washington Post: Why future recoveries will be even more painful

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Why future recoveries will be even more painful Mar 22nd 2012, 21:10 Think this recovery has been bad? Two economists believe that demographic changes "imply that future recessions will be deeper, and will have slower recoveries, than historically has been the case. In other words, jobless recoveries will be the norm." The main reason is because of declining labor force participation by American men, linked to aging baby-boomers and other changes in the age distribution of workers, Harvard's James Stock and Princeton's Mark Watson explain in a new paper released by Brookings: Read full article >>

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